notional number

USAGE SUMMARY

The phrase "notional number" is correct and usable in written English.
It can be used in contexts related to mathematics, finance, or theoretical discussions where a number is used for conceptual purposes rather than as a concrete value. Example: "In our analysis, we used a notional number to represent the estimated value of the assets involved in the transaction."

✓ Grammatically correct

Encyclopedias

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

As seen, Solon admitted thētes to the Assembly, but Cleisthenes fixed the notional number of eligible Athenians adultt free male Athenians, that is) at 30,000.

Encyclopedia Britannica

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

Fewer three-chord Everly Brothers-type covers (she recorded "Bowling Green" on "The Virginian") and fewer notional numbers, like Case's own "Honky-Tonk Hiccups," one of the few downright (and probably purposefully) silly songs she has written.

The New York Times - Magazine

This would be a departure from the current UK practice, where directors are typically awarded a notional maximum number of shares in one year, which are then subject to performance criteria that will determine the actual payout three years later.

The Guardian - Business

In councils where there have been boundary changes - resulting in a different number of seats up for election this year - the BBC uses a notional figure to project what the previous result would have been.

BBC

Or some other notional figure.

The Guardian

The cumulative number of notional saved bed- days was multiplied by the figure of £200, which is an average estimate by the hospital finance department of ward costs and overheads over a 10-day period of hospital stay.

Journal of Orthopaedics and Traumatology

The boss of one big investment bank says he would like to see much more certainty around the clearing and settlement of credit-default swaps, a market with an insanely large notional value of $62 trillion: "The number of outstanding claims greatly exceeds the number of bonds.

The Economist

Bootjack can now be had for $68 million–a price chosen, says Fandel, because of its notional resemblance to a familiar number.

Forbes

This notional £1 billion figure comes from a 10 year window for the fund.

TechCrunch

The Kurdish administered areas have seen staggering numbers cross their notional border since the original Isis onslaught two months ago.

The Guardian

But if banks manipulated rates by more than that 1/100th of a point, or for more than 90 days -- the term of three-month Libor -- on even smaller notional derivative amounts, then the numbers can still get big in a hurry.

Huffington Post

Expert writing Tips

Best practice

When using "notional number", clearly define the context in which the number is being used and explain why it's notional rather than a precise value. For example, explain that it's an estimate or a figure used for illustrative purposes.

Common error

Avoid using "notional number" when a precise figure is available or required. The term suggests approximation, so if accuracy is paramount, opt for a more definitive term. For example, specify the exact number.

Linguistic Context

The primary grammatical function of "notional number" is to act as a noun phrase, where "notional" modifies the noun "number". It describes the type of number being referred to, indicating it is theoretical or conceptual, similar to usages Ludwig has provided.

Expression frequency: Rare

Frequent in

News & Media

30%

Encyclopedias

25%

Science

25%

Less common in

Wiki

10%

Formal & Business

5%

Reference

0%

Ludwig's WRAP-UP

In summary, "notional number" is a phrase used to describe a number that is theoretical or conceptual, rather than a concrete value. As Ludwig AI indicates, the phrase is grammatically sound and can be used in various contexts, particularly in finance, academics, and general discussions where theoretical quantities are relevant. While not frequently used, it is important to define the context when using the term to avoid confusion. Alternatives like "theoretical quantity" or "estimated value" may also be appropriate depending on the intended meaning. Remember to avoid using "notional number" when precision is required.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Theoretical quantity

Emphasizes the number's basis in theory rather than practical measurement.

Estimated value

Highlights that the number is an approximation or educated guess.

Nominal figure

Suggests the number is stated but may not reflect reality.

Hypothetical amount

Indicates the number is based on a hypothetical situation.

Assumed quantity

Implies the number is taken for granted, possibly without proof.

Projected number

Focuses on a prediction or forecast of a future number.

Representative figure

Highlights that the number is meant to stand for a larger group or concept.

Conceptual value

Emphasizes that the value exists as an idea.

Illustrative number

Suggests that the number is used for demonstration or explanation.

Idealized amount

Emphasizes that the amount is a perfect, but often unrealistic, representation.

FAQs

How is a "notional number" used in finance?

In finance, a "notional number" often refers to the face value of a derivative, which is used to calculate payments. It's a reference amount, not necessarily the actual money exchanged. For example, in a swap agreement, the payments are calculated based on the "notional principal".

What does "notional" mean in the context of a "notional number"?

In this context, "notional" means existing in theory or as an idea, rather than in reality. A "notional number" is therefore a conceptual or hypothetical value used for calculations or comparisons, rather than an actual, concrete amount.

Can I use "theoretical number" instead of "notional number"?

Yes, "theoretical number" can often be used as a substitute for "notional number", especially when the number is based on theoretical calculations or assumptions. Other similar alternatives are "estimated value" or "nominal figure".

What is the difference between a "notional number" and an "actual number"?

A "notional number" is a conceptual or hypothetical figure, often used as a reference point or for calculations, while an "actual number" represents a real, concrete quantity. The "notional number" may not reflect any tangible asset or transaction.